1088 Diamond Hill Rd Woonsocket, RI 02895
East Woonsocket NeighborhoodEstimated payment $4,008/month
Highlights
- Golf Course Community
- Property is near public transit and schools
- Jogging Path
- Medical Services
- Corner Lot
- Window Unit Cooling System
About This Home
Discover a prime investment opportunity in this 4-family multi-family home located in the heart of Woonsocket, Rhode Island offering strong cash flow and investment potential. Four units: two 2-bed/1-bath ($1,200/month each) and two 1-bed/1-bath ($1,000/month each), totaling $4,400/month gross ($52,800/year). City water & sewer, natural gas heat, individually metered electric utilities. Spacious eat-in kitchens with wood cabinetry and appliances, hardwood/laminate floors, natural light, and functional baths. Basement laundry area with washer/dryer Oversized detached 4-car garage plus 8 off-street paved driveway spots for ample parking/storage. Conveniently located near schools, amenities. Quick access to Route 146 and 295, offering seamless commutes to Providence, Worcester, and major employment hubs. Ideal for investors or owner-occupants—solid net income with minimal expenses. Appointment required for showings due to occupied units. Showings will be grouped together.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,500
Year Built
- Built in 1900
Lot Details
- 8,712 Sq Ft Lot
- Corner Lot
Parking
- 4 Car Garage
- Driveway
- 8 Open Parking Spaces
- Off-Street Parking
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,736 Sq Ft Home
- Property has 1 Level
- Living Room
- Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property is near public transit and schools
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Assessor Parcel Number M:38A L:222 U:4,563914
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
Additional Features
- 4 Units
- Net Operating Income $52,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,048 | $449,500 | $94,100 | $355,400 |
| 2024 | $5,500 | $378,300 | $94,100 | $284,200 |
| 2023 | $5,289 | $378,300 | $94,100 | $284,200 |
| 2022 | $5,289 | $378,300 | $94,100 | $284,200 |
| 2021 | $3,693 | $155,500 | $40,900 | $114,600 |
| 2020 | $3,732 | $155,500 | $40,900 | $114,600 |
| 2018 | $3,744 | $155,500 | $40,900 | $114,600 |
| 2017 | $3,359 | $111,600 | $42,000 | $69,600 |
| 2016 | $3,553 | $111,600 | $42,000 | $69,600 |
| 2015 | $4,082 | $111,600 | $42,000 | $69,600 |
| 2014 | $4,320 | $120,200 | $46,200 | $74,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/06/2026 04/06/26 | Price Changed | $664,900 | -2.2% | $243 / Sq Ft | |
| 03/05/2026 03/05/26 | For Sale | $679,900 | +63.8% | $249 / Sq Ft | |
| 08/18/2021 08/18/21 | Sold | $415,000 | +3.8% | $152 / Sq Ft | View Prior Sale |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- | |
| 06/23/2021 06/23/21 | For Sale | $399,888 | -- | $146 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73482946
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